Omega Flex OFLX Operating Lease Liabilities (Total)
Operating Lease Liabilities (Total) at other companies
Other financials
Where this comes from
Reported directly by Omega Flex in its filing.
Tagged under the XBRL concept us-gaap:OperatingLeaseLiability.
The source filing: Omega Flex’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 3:32 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001493152-26-020884
As of March 31, 2026, the Company recorded right-of-use assets of $4,207,000, and a lease liability of $4,521,000, of which $773,000 is reported as a current liability. On December 31, 2025, the Company recorded right-of-use assets of $4,437,000, and a lease liability of $4,757,000, of which $771,000 was reported as a current liability. The respective weighted average remaining lease term and discount rate are approximately 6.9 years and 3.59% as of March 31, 2026 and 7.7 years and 3.69% as of March 31, 2025.
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FAQ
- What is Omega Flex's operating lease liabilities (total)?
- Omega Flex (OFLX) reported operating lease liabilities (total) of $4.52M in Q1 2026.
- How has Omega Flex's operating lease liabilities (total) changed year-over-year?
- Omega Flex's operating lease liabilities (total) decreased by 12.5% year-over-year, from $5.17M to $4.52M.
- What is the long-term trend for Omega Flex's operating lease liabilities (total)?
- Over 4 years (2021 to 2025), Omega Flex's operating lease liabilities (total) has grown at a 9.0% compound annual growth rate (CAGR), from $3.37M to $4.76M.
- What does operating lease liabilities (total) mean?
- This represents the total present value of future lease payments for operating leases, recognized as a liability on the balance sheet. It reflects the company's long-term commitment to leased assets such as office space, warehouses, and equipment. Tracking this helps investors evaluate the company's off-balance-sheet financing obligations and overall debt-like commitments.
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